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Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026 Exercise 9
The federal government hires an extra worker but makes no other changes in taxation or spending. Say whether each of the following is likely to be true or false in the short run.
a) Federal government spending rises.
b) Unemployment falls.
c) Wages rise a bit faster.
d) GDP declines.
e) The budget deficit decreases.
a) Federal government spending rises.
b) Unemployment falls.
c) Wages rise a bit faster.
d) GDP declines.
e) The budget deficit decreases.
Explanation
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The Federal government hires an extra wo...
Economics: The Basics 1st Edition by Mike Mandel
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